south end

There are currently 17 blog entries related to this category.

It's not possible to call this a trend, but we have noticed that several escrows have flopped recently in MB.

Let's put this first: Every real estate deal, no matter how clean it seems, includes the seeds of its own destruction. Sometimes, it's a wonder that a sale closes.

The most recent escrows in MB to fail and see a property come back to market were:

537 5th (4br/3ba, 2750 sq. ft.), a South End walkstreet home, and what could be better? That's what everyone wants. There's a bidding war going on just up the same street for mere dirt (off-market).

Sure, this house at 537 is an unusual 3-level remodel with, officially, a strikingly small lot (2019 sq. ft. instead of the standard 2700), but everyone who sees it can appreciate the pros and cons of the…

It was only this past January when an auction for 104 The Strand resulted in a big number for the plot: $9.500M.

Now, before they get under way with any new construction, the new owners are offering it back.

For $4.400M more: $13.900M.

Now, this little rectangle of dirt was already scarce when offered in January for $8.0M. It's really the last lot from the Hermosa border north up till around 4th St. on The Strand that seems ripe for total new construction. (See "Last South End Strand Lot Will Sell," from January 2014.)

And we know that the South End of the Strand has been developing into The prime piece of MB's prime real estate for some time. (See "Knocking Down the South End Strand," from May 2013.)

One way or another, the old structure has a date…

There has been an odd rush of landlocked half-lot homes this year, as we noted just a few weeks ago. (See "Year of the Landlocked Half Lot.")

The second of these to come to market recently was 333 8th (1br/1ba, 765 sq. ft.), a quirky little place, fully built of brick, but in a great mid-block location on the treasured flat family walkstreets of the South End.

They listed it for $1.200M because, hey, what's something like this worth? No garage, no street access, tiny place, can't be built up... How do you do the math?

The answer: $1.447M, with the sale closing Friday.

That's within range of a somewhat larger, nicer home with slightly more land that was the first landlocked half-lot home to sell, 124 17th (2br/1ba, 880 sq. ft.).

When that one sold…

On occasion we like to capture and share some of the better ocean views around Manhattan Beach.

This past weekend saw some of the clearest skies of recent weeks, and it was warm, to boot.

So we did what real estate bloggers are supposed to do: Head out to homes that have recently been on the market and check out the views. Enjoy our brief video.

 

The first panorama in the video was taken from 648 12th St., a 2-story home near downtown up at the top of the hill in the Martyrs area. This one has a roof deck that is really worth heading up to – high above nearly all the neighbors, you can see for miles. The home was listed recently for $2.100M and is in escrow now.

Our second view is from the home at 620 8th St. in the Hill Section. Though lower down